15 Pa. Cons. Stat. § 4101

Application of article.

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ARTICLE D

FOREIGN BUSINESS CORPORATIONS

Chapter

41. Foreign Business Corporations

CHAPTER 41

FOREIGN BUSINESS CORPORATIONS

Subchapter

A. Preliminary Provisions

B. Qualification

C. Powers, Duties and Liabilities

D. Domestication (Repealed)

Enactment. Chapter 41 was added December 21, 1988, P.L.1444, No.177, effective October 1, 1989.

SUBCHAPTER A

PRELIMINARY PROVISIONS

Sec.

4101. Application of article.

4102. Foreign domiciliary corporations.

4103. Acquisition of foreign domiciliary corporation status.

4104. Termination of foreign domiciliary corporation status.

§ 4101. Application of article.

(a) General rule.--Except as otherwise provided in this section or in subsequent provisions of this article, this article shall apply to and the words "corporation" or "foreign business corporation" in this article shall include every foreign corporation for profit, including a corporation that, if a domestic corporation for profit, would be a banking institution or credit union.

(b) Domestic Federal financial institution exclusion.--Except as permitted by act of Congress, this article shall not apply to:

(1) Any of the following institutions or similar federally chartered institutions engaged in this Commonwealth in activities similar to those conducted by banking institutions or credit unions:

(i) National banking associations organized under The National Bank Act (13 Stat. 99, 12 U.S.C. § 1 et seq.).

(ii) Federal savings and loan associations and Federal mutual savings banks organized under the Home Owners' Loan Act of 1933 (48 Stat. 128, 12 U.S.C. § 1461 et seq.).

(iii) Federal credit unions organized under the Federal Credit Union Act (48 Stat. 1216, 12 U.S.C. § 1751 et seq.).

(2) Any other Federal corporation intended by the Congress to be treated for state law purposes as a domestic corporation of this Commonwealth.

(Dec. 19, 1990, P.L.834, No.198, eff. imd.; July 15, 2024, P.L.728, No.59, eff. 60 days)

Notes of Decisions

Cited in 2 cases, 1997–2015 · leading case: American Housing Trust, III v. Jones

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American Housing Trust, III v. Jones (1997) pa “1444, as amended, 15 Pa.C.S. § 4101 et seq., provides in pertinent part: (a) General rule.”

Santander Bank v. Kapner, P.C. (2015) pasuperct “15 Pa.C.S. § 4101(b). Pursuant to this provision, Appellee has the capacity to bring suit as it is a bank chartered under the National Bank Act.”

— 15 Pa. Cons. Stat. § 4101(b) — 1 case

Santander Bank v. Kapner, P.C. (2015) pasuperct “15 Pa.C.S. § 4101(b). Pursuant to this provision, Appellee has the capacity to bring suit as it is a bank chartered under the National Bank Act.”

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